Est. 1979

Est. 2011

Fee:?Special pricing available and shown for NEW customers via FXcompared

Bank Partner:?
Barclays

Speed:?
1-3 days

Local Settlement:?UK, Spain, Ireland, Australia, Switzerland

Transfer Methods?

Regulated By:?

FCA, FinCEN

General NotesESTABLISHED NAME AND SERVICE SINCE 1979
We’re one of the UK’s fastest growing foreign exchange companies, serving our customers for nearly 40 years. Special pricing available and shown for NEW customers via FXcompared

Country NotesOffices in the UK, Spain, France, Ireland, and the USA

TransferWise

Fee:?0.5% to 1.5%

Bank Partner:?
Varies by country

Speed:?
1-5 days

Local Settlement:?Europe

Transfer Methods?

Regulated By:?

FCA, FinCEN

General NotesGet your free multi-currency account, to pay and get paid around the world with the real exchange rate. Say bye bye to crazy bank fees for good.

Country NotesWhen you pay by debit or credit card, most banks charge an additional fee. These processing fees vary depending on the kind of card you use and where it was issued.

The pros and cons of using Moneycorp

pros

Mobile app available for Android and iOS

4.6/5 Feefo rating

Trade 24/7 by telephone or online

Future or options contracts ideal for investors

Range of current investor communications

cons

No obvious commitment to match competitor rates

Mixed customer reviews – 3-star Trustpilot rating

Fees charged on any transaction are £5–£15 (except for FXcompared customers)

The pros and cons of using TransferWise

pros

Make transferring on the go simple, with their new TransferWise bot available through Facebook Messenger

Offers the ability to carry out batch payments to up to 1000 recipients – useful for regular payments to self-employed contractors or freelancers.

cons

Difficult to compare easily to other providers due to the fees, but does make them transparent and details them all at the start, so there are no surprises

Cannot accept out bound payments from Hong Kong

Customers have voiced concerns about the specific point at which Transferwise verify your identity as this may not be your first transfer. This could impact your transfer timescales, so best to confirm directly with them if you do have an urgent, large transfer due.

cons

No obvious commitment to match competitor rates

Mixed customer reviews – 3-star Trustpilot rating

Fees charged on any transaction are £5–£15 (except for FXcompared customers)

cons

Difficult to compare easily to other providers due to the fees, but does make them transparent and details them all at the start, so there are no surprises

Cannot accept out bound payments from Hong Kong

Customers have voiced concerns about the specific point at which Transferwise verify your identity as this may not be your first transfer. This could impact your transfer timescales, so best to confirm directly with them if you do have an urgent, large transfer due.

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.

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